COLUMBUS MCKINNON CORPORATION
QUARTERLY SEGMENT REPORTING
SHOWING CONTINUING AND DISCONTINUED OPERATIONS
FISCAL 2002 AND 2001
AMOUNTS IN THOUSANDS
FISCAL 2002
Discontinued Reclassi- Continuing
Total Operations fication Operations
-------- ------------ --------- ----------
Quarter Ended July 1, 2001
--------------------------
Products Segment
- ----------------
Net sales ........................................................ $109,618 $109,618
Gross profit ..................................................... 31,192 31,192
Income from operations before
restructuring charges & amortization ..................... 16,478 203 16,681
Solutions - Industrial Segment
- ------------------------------
Net sales ........................................................ 13,622 5,846 19,468
Gross profit ..................................................... 2,245 36 2,281
Income from operations before
restructuring charges & amortization ..................... 42 (180) (138)
Solutions - Automotive Segment
- ------------------------------
Net sales ........................................................ 52,665 (46,819) (5,846) -
Gross profit ..................................................... 1,521 (1,485) (36) -
Income from operations before
restructuring charges & amortization ..................... (563) 383 180 -
- -----------------------------------------------------------------------------------------------------------------------
Consolidated
- ------------
Net sales ........................................................ 175,905 46,819 129,086
Gross profit ..................................................... 34,958 1,485 33,473
Selling expenses ................................................. 11,634 524 11,110
General and administrative expenses .............................. 7,367 1,547 5,820
--------------------------------------------------
Income from operations before
restructuring charges & amortization ..................... 15,957 (586) 16,543
Restructuring charges ............................................ 8,840 8,840
Amortization of intangibles ...................................... 4,033 1,252 2,781
Interest and debt expense ........................................ 8,576 309 8,267
Interest income and other (exp) inc .............................. (112) 1 (113)
--------------------------------------------------
(Loss) income before income taxes ................................ (5,604) (2,146) (3,458)
Income tax (benefit) expense ..................................... (943) (304) (639)
--------------------------------------------------
Net (loss) income ................................................ $ (4,661) $ (1,842) $ - $ (2,819)
==================================================
COLUMBUS MCKINNON CORPORATION
QUARTERLY SEGMENT REPORTING
SHOWING CONTINUING AND DISCONTINUED OPERATIONS
FISCAL 2002 AND 2001
AMOUNTS IN THOUSANDS
FISCAL 2002
-----------
Discontinued Reclassi- Continuing
Total Operations fication Operations
-------- ------------ --------- ----------
Quarter Ended September 30, 2001
--------------------------------
Products Segment
- ----------------
Net sales ........................................................ $103,150 $103,150
Gross profit ..................................................... 28,202 28,202
Income from operations before
restructuring charges & amortization ..................... 12,721 12,721
Solutions - Industrial Segment
- ------------------------------
Net sales ........................................................ 14,013 5,379 19,392
Gross profit ..................................................... 2,427 565 2,992
Income from operations before
restructuring charges & amortization ..................... 323 284 607
Solutions - Automotive Segment
- ------------------------------
Net sales ........................................................ 54,414 (49,035) (5,379) -
Gross profit ..................................................... 2,345 (1,780) (565) -
Income from operations before
restructuring charges & amortization ..................... 67 217 (284) -
- -----------------------------------------------------------------------------------------------------------------------
Consolidated
- ------------
Net sales ........................................................ 171,577 49,035 122,542
Gross profit ..................................................... 32,974 1,780 31,194
Selling expenses ................................................. 11,447 507 10,940
General and administrative expenses .............................. 8,416 1,490 6,926
--------------------------------------------------
Income from operations before
restructuring charges & amortization ..................... 13,111 (217) 13,328
Restructuring charges ............................................ 727 727
Amortization of intangibles ...................................... 4,013 1,252 2,761
Interest and debt expense ........................................ 8,225 311 7,914
Interest income and other (exp) inc .............................. 31 31
--------------------------------------------------
(Loss) income before income taxes ................................ 177 (1,780) 1,957
Income tax (benefit) expense ..................................... 1,509 (180) 1,689
--------------------------------------------------
Net (loss) income ................................................ $ (1,332) $ (1,600) $ - $ 268
==================================================
COLUMBUS MCKINNON CORPORATION
QUARTERLY SEGMENT REPORTING
SHOWING CONTINUING AND DISCONTINUED OPERATIONS
FISCAL 2002 AND 2001
AMOUNTS IN THOUSANDS
FISCAL 2002
-----------
Discontinued Reclassi- Continuing
Total Operations fication Operations
-------- ------------ --------- ----------
Quarter Ended December 30, 2001
-------------------------------
Products Segment
- ----------------
Net sales ........................................................ $ 95,591 $ 95,591
Gross profit ..................................................... 26,834 26,834
Income from operations before
restructuring charges & amortization ..................... 11,953 211 12,164
Solutions - Industrial Segment
- ------------------------------
Net sales ........................................................ 14,815 3,516 18,331
Gross profit ..................................................... 2,621 469 3,090
Income from operations before
restructuring charges & amortization ..................... 686 179 865
Solutions - Automotive Segment
- ------------------------------
Net sales ........................................................ 27,341 (23,825) (3,516) -
Gross profit ..................................................... 2,533 (2,064) (469) -
Income from operations before
restructuring charges & amortization ..................... 577 (398) (179) -
- -----------------------------------------------------------------------------------------------------------------------
Consolidated
- ------------
Net sales ........................................................ 137,747 23,825 113,922
Gross profit ..................................................... 31,988 2,064 29,924
Selling expenses ................................................. 10,915 496 10,419
General and administrative expenses .............................. 7,857 1,381 6,476
--------------------------------------------------
Income from operations before
restructuring charges & amortization ..................... 13,216 187 13,029
Restructuring charges ............................................ (6) (6)
Amortization of intangibles ...................................... 3,994 1,252 2,742
Interest and debt expense ........................................ 7,112 314 6,798
Interest income and other (exp) inc .............................. (77) (77)
--------------------------------------------------
(Loss) income before income taxes ................................ 2,039 (1,379) 3,418
Income tax (benefit) expense ..................................... 2,131 (43) 2,174
--------------------------------------------------
Net (loss) income ................................................ $ (92) $ (1,336) $ - $ 1,244
==================================================
COLUMBUS MCKINNON CORPORATION
QUARTERLY SEGMENT REPORTING
SHOWING CONTINUING AND DISCONTINUED OPERATIONS
FISCAL 2002 AND 2001
AMOUNTS IN THOUSANDS
FISCAL 2002
-----------
Discontinued Reclassi- Continuing
Total Operations fication Operations
-------- ------------ --------- ----------
Quarter Ended March 31, 2002
----------------------------
Products Segment
- ----------------
Net sales ........................................................ $ 96,372 $ 96,372
Gross profit ..................................................... 23,049 23,049
Income from operations before
restructuring charges & amortization ..................... 5,479 5,479
Solutions - Industrial Segment
- ------------------------------
Net sales ........................................................ 15,147 2,959 18,106
Gross profit ..................................................... 1,975 862 2,837
Income from operations before
restructuring charges & amortization ..................... (138) 469 331
Solutions - Automotive Segment
- ------------------------------
Net sales ........................................................ 20,350 (17,391) (2,959) -
Gross profit ..................................................... 50 812 (862) -
Income from operations before
restructuring charges & amortization ..................... (2,015) 2,484 (469) -
- -----------------------------------------------------------------------------------------------------------------------
Consolidated
- ------------
Net sales ........................................................ 131,869 17,391 114,478
Gross profit ..................................................... 25,074 (812) 25,886
Selling expenses ................................................. 11,579 526 11,053
General and administrative expenses .............................. 10,169 1,146 9,023
--------------------------------------------------
Income from operations before
restructuring charges & amortization ..................... 3,326 (2,484) 5,810
Restructuring charges ............................................ 8 8
Amortization of intangibles ...................................... 3,981 1,252 2,729
Interest and debt expense ........................................ 6,711 309 6,402
Interest income and other (exp) inc .............................. (2,305) (2,305)
--------------------------------------------------
(Loss) income before income taxes ................................ (9,679) (4,045) (5,634)
Income tax (benefit) expense ..................................... (1,873) (950) (923)
--------------------------------------------------
Net (loss) income ................................................ $ (7,806) $ (3,095) $ - $ (4,711)
==================================================
COLUMBUS MCKINNON CORPORATION
QUARTERLY SEGMENT REPORTING
SHOWING CONTINUING AND DISCONTINUED OPERATIONS
FISCAL 2002 AND 2001
AMOUNTS IN THOUSANDS
FISCAL 2002
-----------
Discontinued Reclassi- Continuing
Total Operations fication Operations
-------- ------------ --------- ----------
Year Ended March 31, 2002
-------------------------
Products Segment
- ----------------
Net sales ........................................................ $404,731 $404,731
Gross profit ..................................................... 109,277 109,277
Income from operations before
restructuring charges & amortization ..................... 46,631 414 47,045
Solutions - Industrial Segment
- ------------------------------
Net sales ........................................................ 60,556 14,741 75,297
Gross profit ..................................................... 10,130 1,070 11,200
Income from operations before
restructuring charges & amortization ..................... 1,382 283 1,665
Solutions - Automotive Segment
- ------------------------------
Net sales ........................................................ 154,770 (137,070) (17,700) -
Gross profit ..................................................... 6,449 (4,517) (1,932) -
Income from operations before
restructuring charges & amortization ..................... (1,934) 2,686 (752) -
- -----------------------------------------------------------------------------------------------------------------------
Consolidated
- ------------
Net sales ........................................................ 614,139 137,070 (2,959) 480,028
Gross profit ..................................................... 124,132 4,517 (862) 120,477
Selling expenses ................................................. 45,575 2,053 43,522
General and administrative expenses .............................. 33,809 5,564 28,245
--------------------------------------------------
Income from operations before
restructuring charges & amortization ..................... 45,141 (3,100) (469) 48,710
Restructuring charges ............................................ 9,569 9,569
Amortization of intangibles ...................................... 16,021 5,008 11,013
Interest and debt expense ........................................ 30,624 1,243 29,381
Interest income and other (exp) inc .............................. (2,463) 1 (2,464)
--------------------------------------------------
(Loss) income before income taxes ................................ (13,536) (9,350) (469) (3,717)
Income tax (benefit) expense ..................................... 824 (1,477) 2,301
--------------------------------------------------
Net (loss) income ................................................ $(14,360) $ (7,873) $ (469) $ (6,018)
==================================================
COLUMBUS MCKINNON CORPORATION
QUARTERLY SEGMENT REPORTING
SHOWING CONTINUING AND DISCONTINUED OPERATIONS
FISCAL 2002 AND 2001
AMOUNTS IN THOUSANDS
FISCAL 2001
-----------
Discontinued Reclassi- Continuing
Total Operations fication Operations
-------- ------------ --------- ----------
Quarter Ended July 2, 2000
--------------------------
Products Segment
- ----------------
Net sales ........................................................ $125,196 $125,196
Gross profit ..................................................... 38,002 38,002
Income from operations before amortization ....................... 19,618 19,618
Solutions - Industrial Segment
- ------------------------------
Net sales ........................................................ 17,513 9,790 27,303
Gross profit ..................................................... 4,191 704 4,895
Income from operations before amortization ....................... 1,841 327 2,168
Solutions - Automotive Segment
- ------------------------------
Net sales ........................................................ 45,669 (35,879) (9,790) -
Gross profit ..................................................... 5,021 (4,317) (704) -
Income from operations before amortization ....................... 2,933 (2,606) (327) -
- -----------------------------------------------------------------------------------------------------------------------
Consolidated
- ------------
Net sales ........................................................ 188,378 35,879 152,499
Gross profit ..................................................... 47,214 4,317 42,897
Selling expenses ................................................. 12,482 473 12,009
General and administrative expenses .............................. 10,340 1,238 9,102
--------------------------------------------------
Income from operations before amortization ....................... 24,392 2,606 21,786
Amortization of intangibles ...................................... 4,014 1,252 2,762
Interest and debt expense ........................................ 9,281 309 8,972
Interest income and other (exp) inc .............................. 941 941
--------------------------------------------------
(Loss) income before income taxes ................................ 12,038 1,045 10,993
Income tax (benefit) expense ..................................... 6,092 781 5,311
--------------------------------------------------
Net (loss) income ................................................ $ 5,946 $ 264 $ - $ 5,682
==================================================
COLUMBUS MCKINNON CORPORATION
QUARTERLY SEGMENT REPORTING
SHOWING CONTINUING AND DISCONTINUED OPERATIONS
FISCAL 2002 AND 2001
AMOUNTS IN THOUSANDS
FISCAL 2001
-----------
Discontinued Reclassi- Continuing
Total Operations fication Operations
-------- ------------ --------- ----------
Quarter Ended October 1, 2000
-----------------------------
Products Segment
- ----------------
Net sales ........................................................ $121,970 $121,970
Gross profit ..................................................... 36,930 36,930
Income from operations before amortization ....................... 19,008 19,008
Solutions - Industrial Segment
- ------------------------------
Net sales ........................................................ 17,413 11,355 28,768
Gross profit ..................................................... 3,431 (106) 3,325
Income from operations before amortization ....................... 1,294 (388) 906
Solutions - Automotive Segment
- ------------------------------
Net sales ........................................................ 49,611 (38,256) (11,355) -
Gross profit ..................................................... 4,629 (4,735) 106 -
Income from operations before amortization ....................... 2,395 (2,783) 388 -
- -----------------------------------------------------------------------------------------------------------------------
Consolidated
- ------------
Net sales ........................................................ 188,994 38,256 150,738
Gross profit ..................................................... 44,990 4,735 40,255
Selling expenses ................................................. 12,332 493 11,839
General and administrative expenses .............................. 9,961 1,459 8,502
--------------------------------------------------
Income from operations before amortization ....................... 22,697 2,783 19,914
Amortization of intangibles ...................................... 4,017 1,252 2,765
Interest and debt expense ........................................ 9,710 354 9,356
Interest income and other (exp) inc .............................. 671 671
--------------------------------------------------
(Loss) income before income taxes ................................ 9,641 1,177 8,464
Income tax (benefit) expense ..................................... 5,253 826 4,427
--------------------------------------------------
Net (loss) income ................................................ $ 4,388 $ 351 $ - $ 4,037
==================================================
COLUMBUS MCKINNON CORPORATION
QUARTERLY SEGMENT REPORTING
SHOWING CONTINUING AND DISCONTINUED OPERATIONS
FISCAL 2002 AND 2001
AMOUNTS IN THOUSANDS
FISCAL 2001
-----------
Discontinued Reclassi- Continuing
Total Operations fication Operations
-------- ------------ --------- ----------
Quarter Ended December 31, 2000
-------------------------------
Products Segment
- ----------------
Net sales ........................................................ $112,242 $112,242
Gross profit ..................................................... 31,697 31,697
Income from operations before amortization ....................... 14,458 14,458
Solutions - Industrial Segment
- ------------------------------
Net sales ........................................................ 16,422 11,126 27,548
Gross profit ..................................................... 3,287 454 3,741
Income from operations before amortization ....................... 935 137 1,072
Solutions - Automotive Segment
- ------------------------------
Net sales ........................................................ 46,414 (35,288) (11,126) -
Gross profit ..................................................... 4,550 (4,096) (454) -
Income from operations before amortization ....................... 2,293 (2,156) (137) -
- -----------------------------------------------------------------------------------------------------------------------
Consolidated
- ------------
Net sales ........................................................ 175,078 35,288 139,790
Gross profit ..................................................... 39,534 4,096 35,438
Selling expenses ................................................. 12,523 515 12,008
General and administrative expenses .............................. 9,325 1,425 7,900
--------------------------------------------------
Income from operations before amortization ....................... 17,686 2,156 15,530
Restructuring charges ............................................ - -
Amortization of intangibles ...................................... 4,014 1,252 2,762
Interest and debt expense ........................................ 9,815 341 9,474
Interest income and other (exp) inc .............................. 524 33 491
--------------------------------------------------
(Loss) income before income taxes ................................ 4,381 596 3,785
Income tax (benefit) expense ..................................... 3,085 629 2,456
--------------------------------------------------
Net (loss) income ................................................ $ 1,296 $ (33) $ - $ 1,329
==================================================
COLUMBUS MCKINNON CORPORATION
QUARTERLY SEGMENT REPORTING
SHOWING CONTINUING AND DISCONTINUED OPERATIONS
FISCAL 2002 AND 2001
AMOUNTS IN THOUSANDS
FISCAL 2001
-----------
Discontinued Reclassi- Continuing
Total Operations fication Operations
-------- ------------ --------- ----------
Quarter Ended March 31, 2001
----------------------------
Products Segment
- ----------------
Net sales ........................................................ $119,490 $119,490
Gross profit ..................................................... 38,489 38,489
Income from operations before amortization ....................... 19,407 605 20,012
Solutions - Industrial Segment
Net sales ........................................................ 16,707 6,944 23,651
Gross profit ..................................................... 1,933 497 2,430
Income from operations before amortization ....................... (473) 96 (377)
Solutions - Automotive Segment
- ------------------------------
Net sales ........................................................ 39,325 (32,381) (6,944) -
Gross profit ..................................................... 4,431 (3,934) (497) -
Income from operations before amortization ....................... 2,443 (2,347) (96) -
- -----------------------------------------------------------------------------------------------------------------------
Consolidated
- ------------
Net sales ........................................................ 175,522 32,381 143,141
Gross profit ..................................................... 44,853 3,934 40,919
Selling expenses ................................................. 13,099 562 12,537
General and administrative expenses .............................. 10,377 1,630 8,747
--------------------------------------------------
Income from operations before amortization ....................... 21,377 1,742 19,635
Amortization of intangibles ...................................... 3,938 1,252 2,686
Interest and debt expense ........................................ 8,836 309 8,527
Interest income and other (exp) inc .............................. 81 24 57
--------------------------------------------------
(Loss) income before income taxes ................................ 8,684 205 8,479
Income tax (benefit) expense ..................................... 5,095 495 4,600
--------------------------------------------------
Net (loss) income ................................................ $ 3,589 $ (290) $ - $ 3,879
==================================================
COLUMBUS MCKINNON CORPORATION
QUARTERLY SEGMENT REPORTING
SHOWING CONTINUING AND DISCONTINUED OPERATIONS
FISCAL 2002 AND 2001
AMOUNTS IN THOUSANDS
FISCAL 2001
-----------
Discontinued Reclassi- Continuing
Total Operations fication Operations
-------- ------------ --------- ----------
Year Ended March 31, 2002
-------------------------
Products Segment
- ----------------
Net sales ........................................................ $478,898 $478,898
Gross profit ..................................................... 145,118 145,118
Income from operations before amortization ....................... 72,491 605 73,096
Solutions - Industrial Segment
- ------------------------------
Net sales ........................................................ 68,055 39,215 107,270
Gross profit ..................................................... 12,842 1,549 14,391
Income from operations before amortization ....................... 3,597 172 3,769
Solutions - Automotive Segment
- ------------------------------
Net sales ........................................................ 181,019 (141,804) (39,215) -
Gross profit ..................................................... 18,631 (17,082) (1,549) -
Income from operations before amortization ....................... 10,064 (9,892) (172) -
- -----------------------------------------------------------------------------------------------------------------------
Consolidated
- ------------
Net sales ........................................................ 727,972 141,804 586,168
Gross profit ..................................................... 176,591 17,082 159,509
Selling expenses ................................................. 50,436 2,043 48,393
General and administrative expenses .............................. 40,003 5,752 34,251
--------------------------------------------------
Income from operations before amortization ....................... 86,152 9,287 76,865
Amortization of intangibles ...................................... 15,983 5,008 10,975
Interest and debt expense ........................................ 37,642 1,313 36,329
Interest income and other (exp) inc .............................. 2,217 57 2,160
--------------------------------------------------
(Loss) income before income taxes ................................ 34,744 3,023 31,721
Income tax (benefit) expense ..................................... 19,525 2,731 16,794
--------------------------------------------------
Net (loss) income ................................................ $ 15,219 $ 292 $ - $ 14,927
==================================================